City of London Police say Banks hide cyber crime losses

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A rescent article on (1) state that “Banks assess the losses sustained from customers leaving, because of security fears, greater than covering the cost of cyber crime.”
In this article they state that at a tech conference in the UK, the City of London commissioner, Adrian Leppard said that cyber criminals are stealing more money than the banks are reporting with only one in every five being reported!

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1. Banks hide cyber crime losses, says City of London Police Karl Flinders 15 April 2015,%20says%20City%20of%20London%20Police_ Retrieved 19-4-2015

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